http://jsg.legis.state.pa.us/resources/documents/ftp/act5/pdf/Appendix%202/PSERS%20Data%20Request%20Responses/PSERS-004/PPMAIRC%20PSERS-004%20Responses.pdf WebJun 30, 2024 · This report is prepared by TRSL's actuary and provides the actuarial valuation of assets, liabilities, and funding requirements. The information in this report is used to determine the funding necessary to pay retirement benefits for current and future retirees. Current: Actuarial valuation as of 6/30/22. Previous : Actuarial valuation as of 6 ...
PA teachers pension system embroiled in controversy. What to …
WebMay 30, 2024 · It falsely boosted the $64 billion PSERS fund’s performance by only about a third of a percentage point over a financial quarter. Even so, it was just enough to wrongly lift the fund’s financial returns over a key state-mandated hurdle used to gauge performance. Web• The average annual PSERS/SERS pension is under $25,000. • Employees make mandatory contributions to their pensions between 5.25% and 12.3% every payday. • Since 1985, there have been only 4 cost-of-living adjustments, raising benefits 37% … matt lee justice of the peace
PSRS Forms - PSRS/PEERS
WebOct 25, 2024 · The 2024 Annual Comprehensive Financial Report (ACFR) reflects our on-going commitment to accurate and transparent financial reporting of the retirement systems. It contains the following detailed information: Financial statements and highlights DRS membership Employer participation Investment performance and policy Financial … WebFor the 35 th consecutive year PSERS’ Comprehensive Annual Financial Report (CAFR) received the Certificate of Achievement for Excellence in Financial Reporting award from the GFOA. The award is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a … Web11/15/2024. PSERS’ Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2024 has been posted. We are pleased to present this detailed financial … matt lee hilton food group